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if we replace foundations of granite and sound and that's where steve's ideas lead to, then our superstucktures will have to collapse. >> david, what i'm hearing from you is three words. tax and spend. >> we're going to have to have a rematch here. we're out of time and we don't want to not pay our bills, so i have to take a break. what a great conversation though. thanks for both of you bringing my viewers some really great ideas. i have been warning you about this fiscal cliff for months now. i call it the economic storm of our own making, but some of you think all the talk is overblown. will a failure by washington really mean catastrophe for the economy? i'm going to debate with richard quest, next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> time now for q and a. three weeks left to do a deal and yet, lawmakers in washington -- promising to cut trillions, but republicans insist it could be done without raising taxes on the rich. president obama in
if we replace foundations of granite and sound and that's where steve's ideas lead to, then our superstucktures will have to collapse. >> david, what i'm hearing from you is three words. tax and spend. >> we're going to have to have a rematch here. we're out of time and we don't want to not pay our bills, so i have to take a break. what a great conversation though. thanks for both of you bringing my viewers some really great ideas. i have been warning you about this fiscal cliff for...
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Dec 8, 2012
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steve forbes saying fight, fight. pressure the president. then you have democrats, labor unio unions, the aarp saying we don't need to think about raising the retirement age. every time you have a short term play special interest dig in. until they erase the trust deficit, every time they do it incrementally they make it harder to do the big stuff. >> notwithstanding the problems in this conversation and notwithstanding problems from washington, there is some economic renaissance that's brewing under the surface here. we have an energy boom going on, low energy prices. we have manufacturing output increasing in this country. we have the housing boom with low interest rates to stay for a couple of yearses. is there enough that could happen that could offset what's going on in washington? can we grow our way out of this? >> we can't ignore them. if they blow it, there is nothing we can do. the risks are becoming more balanced where things like the housing recovery, consumer debt coming down are starting to offer the possibility where growth mi
steve forbes saying fight, fight. pressure the president. then you have democrats, labor unio unions, the aarp saying we don't need to think about raising the retirement age. every time you have a short term play special interest dig in. until they erase the trust deficit, every time they do it incrementally they make it harder to do the big stuff. >> notwithstanding the problems in this conversation and notwithstanding problems from washington, there is some economic renaissance that's...
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Dec 7, 2012
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steve, and brandon darby was an occupy protest who was in the group and then became an informant for the fbi. >> brandon, you were inside the movement and one of the thing i'm afraid of is you have the extreme left that wants to fundamentally transform and change america in ways that i don't think the average american would really comprehend. you were there. you were inside. how widespread is the thinking on this? >> sean, you have to understand that this video is really a serious of videos. a serious of videos where this same sentiment has been expressed t happened in the 2008 republican national convention. what i learned working undercover with the fbi was that these groups oftentimes are supported by the moderate left of center groups. and they are oftentimes protected by them in the media after they get caught by law enforcement. >> that's a fascinating thing, steve, because remember we had the guy deaf -- deficating on the police car and a rape tent set up for women because of the rapes taking place, and it was a really radical movement. we saw violence in cities across america
steve, and brandon darby was an occupy protest who was in the group and then became an informant for the fbi. >> brandon, you were inside the movement and one of the thing i'm afraid of is you have the extreme left that wants to fundamentally transform and change america in ways that i don't think the average american would really comprehend. you were there. you were inside. how widespread is the thinking on this? >> sean, you have to understand that this video is really a serious...
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Dec 11, 2012
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steve, thank you very much. appreciate it. of course go to cnbc.com for more information. >> we will have coverage of the fed decision at 12:15 p.m. eastern time. brian sullivan will be hosting that. of course followed by mr. bernanke's news conference. coverage of that begins "street signs" 2:00 p.m. eastern time. mr. liesman will probably be at that news conference. come on over here, mr. liesman. we have a very special guest. there is a lot of people in washington that can't get no satisfaction today chuck lavelle, small business optimism plunging, election, storm sandy adding to fiscal cliff worries. joining us special guest chuck labelle, the keyboardist for rolling stones if you don't know. co-founder of mother nature network which just merged with discovery and author of a book, growing a better america. since woodall rodgers a business network, i have to ask you, you're a businessman. does this fiscal cliff stuff worry you and the prospect of higher taxes worry you? what do you think? >> i think it worries all of us, d
steve, thank you very much. appreciate it. of course go to cnbc.com for more information. >> we will have coverage of the fed decision at 12:15 p.m. eastern time. brian sullivan will be hosting that. of course followed by mr. bernanke's news conference. coverage of that begins "street signs" 2:00 p.m. eastern time. mr. liesman will probably be at that news conference. come on over here, mr. liesman. we have a very special guest. there is a lot of people in washington that can't...
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Dec 5, 2012
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. >> steve schwartzman steve bechtel. these are guys worth billions that don't want to pay a penny more in taxes and they have the money to help retaliate against republicans who break the pledge. historically, they have funded primary challenges, ads to push the republicans to the far right on this issue. >> jennifer: okay so americans for tax reform has a pac and that's what they give to. those two billionaires. >> trade association technically but it operates as a pac because they buy ads and do a lot of the electioneering stuff that a pac would do. >> jennifer: while he's raising money from his allies, from these two donors and others, i'm sure. 66% tells you. he's also essentially lobbying for tax breaks for entities like general electric. >> that's right. you know, everyone talks about the first part of the norquist pledge, not to raise the tax rates but the second half of it is basically a promise not to cut tax credits which as you know, many of them amount to nothing more than corporate subsidies so g.e. pays nor
. >> steve schwartzman steve bechtel. these are guys worth billions that don't want to pay a penny more in taxes and they have the money to help retaliate against republicans who break the pledge. historically, they have funded primary challenges, ads to push the republicans to the far right on this issue. >> jennifer: okay so americans for tax reform has a pac and that's what they give to. those two billionaires. >> trade association technically but it operates as a pac...
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Dec 5, 2012
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. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good afternoon, sir. >> hi, martin. >> congressman, notwithstanding the fact that speaker boehner's office is considered mathematically dyslexic by many economists, has it surprised you some republicans have actually condemned boehner's office and would much prefer to keep taxes as they are and take an axe to social programs, medicare, in order to reduce the deficit? >> what's to surprising about that? for so many republicans, they said in the 1990s they wanted medicare to wither on the vine. you know, they now think they have the opportunity to do it in 2012. speaker boehner's proposal is based on the mathematical equation, two plus two equals whatever you want it to be. that's not how you grow the middle class. you do it in a balanced way. let's reduce the deficit we've already supported, $2 trillion in spending cuts, but let's do it in a way by asking the richest 2% to do their fair and grow the economy by making smart investments and things like job creating infrastructure. that'
. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good afternoon, sir. >> hi, martin. >> congressman, notwithstanding the fact that speaker boehner's office is considered mathematically dyslexic by many economists, has it surprised you some republicans have actually condemned boehner's office and would much prefer to keep taxes as they are and take an axe to social programs, medicare, in order to reduce the deficit? >>...
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point, a asked for the 30-year treasury, unchanged, we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's cliing everest, scuba diving the great barrier reef with sharks, or jumpininto thearke he goes with people he trusts, which is why he trades with company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameriritrade. >> i am lori rothman with your fox business brief. stocks higher as investors continue to focus their attention on wassington and the ongoing fiscal cliff negotiations. the dow up 14 points. a settlement has been reached in a sexual assault lawsuit followed by new york hotel maid against former imf chief. the maid claims he attacked her in his room back in may of last year. no details with sediment will remain confident she'll. he did not appear in court today but was recommended by his attorney. hockey fans getting hit and checked. new york canceling games through december
point, a asked for the 30-year treasury, unchanged, we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's cliing everest, scuba diving the great barrier reef with sharks, or jumpininto thearke he goes with people he trusts, which is why he trades with company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common...
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. >> i'm steve kroft. >> i'm leslie stahl. >> i'm morley safer. >> i'm lara logan. >> i'm byron pitts. >> i'm scott pelley. those stories tonight on "60 minutes." ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, ha
. >> i'm steve kroft. >> i'm leslie stahl. >> i'm morley safer. >> i'm lara logan. >> i'm byron pitts. >> i'm scott pelley. those stories tonight on "60 minutes." ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain...
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Dec 6, 2012
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bill says -- and biff -- and steve says -- and finally, jim says -- robert, north carolina, the republican line. caller: after this term of four years with the democrats, i don't think she has a chance. i am a business owner. four more years of this, i will be out of business. host: what kind of business do you have? caller: bulldozer's. host: how has business been over the last couple of years? caller: bad. i am barely staying in business. i do not know what to look forward to. i can hardly stay in business. the democrats in this country i think is wanting to kill us. business people, i cannot stand much more of it. host: robert on the republican line. linda is in texas. caller: i am just thrilled with the idea then. the only thing i would be more thrilled about is obama for a third term. host: but that is not constitutional. caller: a good president with a good philosophy for this country. what the role of government is, he is the right person at the right time to get this country hope and unity once again. that man who just got off the phone does not even realize he is voting against hi
bill says -- and biff -- and steve says -- and finally, jim says -- robert, north carolina, the republican line. caller: after this term of four years with the democrats, i don't think she has a chance. i am a business owner. four more years of this, i will be out of business. host: what kind of business do you have? caller: bulldozer's. host: how has business been over the last couple of years? caller: bad. i am barely staying in business. i do not know what to look forward to. i can hardly...
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Dec 13, 2012
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host: i will get the book from steve. thank you for that. guest: when you were talking about obamacare, and you need not to read the press releases that obama puts out about what it is supposed to do. you need to actually look at the tax increases in it, the regulations in it. the next 4 years will be very ugly when it comes to economics. all the ugly parts of obamacare that he did not want you to focus on, those take place over the next four years. the things that he thought people would appreciate, those have happened already. those are the ones they spoke about before the election. we are now seeing the tax increases. this is not going to be free. there are massive tax increases that i just talked about such as medical devices. they are raising taxes on six people. average income of $53,000 a year, they would get hit by a tax increase on people with high medical bills. atr.org has the right up on it appeared there are five obamacare taxes that will hit january 1. that is the real permanent non- moving fiscal cliff bridge abutment that we
host: i will get the book from steve. thank you for that. guest: when you were talking about obamacare, and you need not to read the press releases that obama puts out about what it is supposed to do. you need to actually look at the tax increases in it, the regulations in it. the next 4 years will be very ugly when it comes to economics. all the ugly parts of obamacare that he did not want you to focus on, those take place over the next four years. the things that he thought people would...
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caller: good morning, steve and mona. it's time to stop carrying the water for the white house. with the rebels in damascus, isn't it too late? if you try chemical weapons in his own city, it's going to be worse for him, don't you think? host: is referring to a story that is on politico.com in what a lot of reporters are talking about the inauguration. guest: it's important to underscore the likelihood of assaad using chemical weapons may be quite low because it would, in fact, essentially be a suicide mission given the response it would detract from the international community. that being said, given the arsenal he has a and concerns about chaos in the country, it is a contingency that needs to be planned for. that is why i think we are seeing what we are. president obama's statement, and others after him, were motivated by u.s. intelligence reporting that suggested there was movement and potentially the mixing of precursors of some of these chemical weapons on site. there is concern about what could be happening and whether what they could be preparing. host: off of twitter. g
caller: good morning, steve and mona. it's time to stop carrying the water for the white house. with the rebels in damascus, isn't it too late? if you try chemical weapons in his own city, it's going to be worse for him, don't you think? host: is referring to a story that is on politico.com in what a lot of reporters are talking about the inauguration. guest: it's important to underscore the likelihood of assaad using chemical weapons may be quite low because it would, in fact, essentially be a...
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steve liesman joins us with the results there cnbc's latest fed survey. steve? can you make it any better? >> i don't know about that. what we have, andrew, is overwhelming support from our -- or expectation from our respondents, 48 respondents, economists, wall street strategists, and analysts, that the fed will replace twist with outright asset purchases. disagreement on how they'll do it and increasing concern about all these purchases and the effect on the market. let's start off with the disagreement about how they're going to do it. we asked people, will the fed purchase only treasuries when it replaces operation twist? or will it purchase treasuries and mortgages? you can see that they're about split on this. unclear what chairman bernanke is going to announce tomorrow. now, how about how much qe? they're pretty united on that. this is what we call distributions. the percentage of respondents answering which number. you can see pretty much the biggest priority, 35% at $85 billion. so that's $40 billion that they're doing already and then replacing twist w
steve liesman joins us with the results there cnbc's latest fed survey. steve? can you make it any better? >> i don't know about that. what we have, andrew, is overwhelming support from our -- or expectation from our respondents, 48 respondents, economists, wall street strategists, and analysts, that the fed will replace twist with outright asset purchases. disagreement on how they'll do it and increasing concern about all these purchases and the effect on the market. let's start off with...
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i want to thank steve latourette and jim cooper for their efforts and leadership on this. i also want to thank congressman quigley to co-sponsor and advance this legislation, which is based on the bipartisan simpson-bowles framework. this budget ultimately failed to pass the house, but i remain proud of our bipartisan effort for which the u.s.a. today called us the brave 38. and i believe this type of thoughtful independent leadership that this is the type of leadership that the 10th district deserves. i also believe that the courage and leadership shown by the house to take on the difficult, but necessary position of reining entitlement spending deserves recognition. we know that medicare stands out as a primary driver of our debt in the future. and unfortunately, this future is not so far off. with one of medicare's key programs scheduled to go bankrupt in the next 10 to 12 years, sustaining the status quo means dramatic cuts down the road on the vulnerable americans who need the program the most, crippling increases to the debt and most likely both. instead, i believe w
i want to thank steve latourette and jim cooper for their efforts and leadership on this. i also want to thank congressman quigley to co-sponsor and advance this legislation, which is based on the bipartisan simpson-bowles framework. this budget ultimately failed to pass the house, but i remain proud of our bipartisan effort for which the u.s.a. today called us the brave 38. and i believe this type of thoughtful independent leadership that this is the type of leadership that the 10th district...
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steve balmer? you don't think steve gates will fire him, do you? >> i'm not sure what he's thinking. bill gates and balmer are friends, there's loyalty there. but balmer is running a circus at microsoft right now. windows 8 is not anything that he thought it would be. the surface tablet the same thing. i think they have an opportunity at xbox, that they're not taking advantage of. it's a matter of not being aggressive and going with the same old tools and working out of the same old toolbox. i know david is there. the interviews he's done with meg whitman is unbelievable. he asked her how many different ways why are you still in the printing business, meg? she gives the same answer over and over again. we need transformational ceos in the tech companies or they'll go by the wayside. >> you cite actually marisa meyer, and the yahoo effect she has by moving over. to that end, talk me through where you are on other companies that might be drawn into that. >> well, i think best buy was the best example. they had the same search firm that was -- you kno
steve balmer? you don't think steve gates will fire him, do you? >> i'm not sure what he's thinking. bill gates and balmer are friends, there's loyalty there. but balmer is running a circus at microsoft right now. windows 8 is not anything that he thought it would be. the surface tablet the same thing. i think they have an opportunity at xbox, that they're not taking advantage of. it's a matter of not being aggressive and going with the same old tools and working out of the same old...
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Dec 6, 2012
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steve said it best from the outset. if the president does not get off to the right start here, it makes it incredibly difficult, if not at a minimum, complicated, to get the rest of his agenda through, not to mention all the foreign policy challenges that will be the backdrop. steve indicated this is the most important thing that will be done. he's likely right unless there's something that we don't want to at all think about or foresee for the next few years, so you have to get this right or get it done to get to the next step. >> but on the specifics of it, steve, why should we be optimistic? who's going to move from their position, and why would they? >> the reasons to be optimistic, you have two prose prose propos table that are robust. the president's made important concessions on revenues. the democrats have made concessions on addressing entitlements, not insufficient for the other one, and what we're fighting over now is this issue of tax rates. and the republicans do have to give on tax rates. it's going to be
steve said it best from the outset. if the president does not get off to the right start here, it makes it incredibly difficult, if not at a minimum, complicated, to get the rest of his agenda through, not to mention all the foreign policy challenges that will be the backdrop. steve indicated this is the most important thing that will be done. he's likely right unless there's something that we don't want to at all think about or foresee for the next few years, so you have to get this right or...
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steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he is not even trying to hide what a douche bag he is. >> stephanie: okay. bill o'reilly. really? is this his whole december? >> there is no doubt that your day you christian tradition in this country is under attack. and people like pastor happy have not to stop. okay. enough. enough. and we need leadership not only in the pulpit but now we are going to need it in the public square. >> after of the judao christian are jewish. you moron. >> stephanie: thank you for that reference. [ applause ] >> stephanie: judao, christian. >> i'm an atheist, i don't care if you have a cross on your property -- i really don't. this whole thing is just completely made up. >> stephanie: i don't get any of it. i never have
steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he is not even trying to hide what a douche bag he is. >> stephanie: okay. bill...
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steve, good morning. >> good morning, becky. thanks. the stronger than expected jobs were not making believers of many economists. they continue to expect weak fourth quarter growth after that number came in at 146,000 with an expectation of around 85,000. fourth quarter growth estimates range from a low of below a half a point, 0.4%. that coming from morgan stanley. the high from what i could gather this morning, 1.5% at jpmorgan. remember that third quarter growth was 2.7 pfrs. a lot of this, though, is going to be inventories. suggesting the growth back drop a little bit stronger than what the number might imply. but the declining unemployment rate fell 0.2 to 7.7% complicates the job for the fed which is expected to place operation twist, where it sells short-term securities and buys long-term ones, with just outright asset purchases on the long end. here's the fed forecast for the fourth quarter. notice the actual there, at 7.7%. it's now at -- the forecast for the end of this year,.1%. it's now averaging you can see there on the l
steve, good morning. >> good morning, becky. thanks. the stronger than expected jobs were not making believers of many economists. they continue to expect weak fourth quarter growth after that number came in at 146,000 with an expectation of around 85,000. fourth quarter growth estimates range from a low of below a half a point, 0.4%. that coming from morgan stanley. the high from what i could gather this morning, 1.5% at jpmorgan. remember that third quarter growth was 2.7 pfrs. a lot of...